Lisbon landlords cry foul over 32-euro rent from century-old freeze

Lisbon

JOAO Anastacio is fed up with collecting rents as paltry as 32 euros (S$49) a month on some of his Lisbon properties.

But that is what he may have to do as the Portuguese government seeks to extend for five more years a century-old rent-control rule that was set to expire in 2017. The government would be going back on a key reform by the previous administration that was included in the country's 78 billion euro aid package from the European Union and International Monetary Fund in 2011.